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Introducing the βIn Favour Ofβ filter in Case Laws.
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<h1>Equalisation Levy under Chapter VIII of Finance Act 2016 takes effect on June 1, 2016, per Notification No. 37/2016.</h1> The Central Government has designated June 1, 2016, as the effective date for Chapter VIII (Equalisation Levy) of the Finance Act 2016 to come into force. This decision was made under the authority granted by subsection (2) of section 163 of the Finance Act 2016. The notification was issued by the Ministry of Finance, Department of Revenue, Central Board of Direct Taxes, and documented as Notification No. 37/2016, dated May 27, 2016.